Topic
petroleum
6 stories related to this topic, newest first.
finance25 days ago
U.S. Remains Major Energy Exporter and Importer for Petroleum
The United States continues to rank among the world's largest energy exporters and importers, with petroleum as the dominant category. Government data track both outgoing shipments and incoming volumes.
EI
Al Jazeerabusiness40 days ago
Africa's Richest Man Plans Second Oil Refinery in Kenya
The businessman who opened Nigeria's 650,000-barrel-per-day refinery in 2024 has said he prefers to build a new $15-17 billion facility in Mombasa rather than Tanzania. The move follows global oil supply disruptions caused by conflict involving the U.S., Israel and Iran that clos…
rte.iepolitics47 days ago
Fuel Shortages Hit Nairobi Petrol Stations Due to Technical Hitch, Ministry Says
Energy Cabinet Secretary Opiyo Wandayi attributed shortages to a technical hitch affecting a few oil marketing companies. The Ministry of Energy and Petroleum said normal supply would return by the end of the day on Wednesday. Officials stressed the country holds sufficient reser…
247wallst.comfinance48 days ago
CW Petroleum Sees $6.45 Million Revenue Growth and Debt Reduction in Fiscal Year
CW Petroleum disclosed its fiscal year financial results, showing revenue of $6.45 million. The company experienced a decline in EBITDA and a wider net loss, alongside reductions in debt and liabilities. These figures reflect the company's performance in its most recent fiscal pe…
thesouthafrican.comworld49 days ago
South Africa Increases Petrol and Diesel Prices Starting Wednesday
The Department of Petroleum and Mineral Resources announced increases in fuel prices effective from Wednesday. Petrol prices will rise by R3.27 per litre, while diesel will increase by R6.19 per litre. The adjustments follow rises in international crude oil and product prices ami…
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investopedia.comworld59 days ago
Kenya Announces Plans to Invest in Uganda's Oil Refinery
Kenya has announced intentions to invest in Uganda's oil refinery as a reciprocal action following Uganda's recent stake acquisition in a Kenyan pipeline company. The announcement occurred during a summit in Nairobi focused on African infrastructure development. This move aims to…